Gen Z buyers lead every generation on affordability trade-offs

Gen Z homebuyers are the most willing to cut discretionary spending and accept smaller homes to achieve homeownership, with 78% ready to reduce expenses and 74% open to smaller properties. This generation shows greater financial flexibility than Millennials, Gen X, and Baby Boomers amid high housing costs. Globally, Canadians are most open to downsizing, while British buyers show the least compromise. Ownership can be cost-neutral or favorable compared to renting when considering mortgage rates and tax benefits.